Kothari Industrial Corporation Ltd — Important, 03-12-2025: Company Update

Kothari Industrial Corporation clarified its re-classification announcement. The company previously stated that shareholder approval wasn't needed to move certain individuals from the 'Promoter' to the 'Public' category. They have now corrected this, confirming that shareholder approval *is* required because an outgoing promoter is related to an existing promoter, and their combined shareholding exceeds 1%. The Board has approved this re-classification, but it remains subject to approval from shareholders and the Stock Exchange. This means investors will have a say in the proposed change in promoter group composition.